Mortgage and Financial News From 2007-9-16 Page 3
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Sale-and-rentback deals under fire
Financial Times - Mr McFall gave an example of a woman offered 50 per cent of her home's value. Her mortgage repayments were £325 and she was asked to pay rental rates of £475-£500 a month. "They could also find themselves without any roof at all over their heads ...
2007-09-16 08:44:00 -
Black hole week on Wall St
News.com.au - ... all of which can hardly escape the attention of a Fed that has now turned its gaze to the financial markets, in particular the reluctance of banks and other lenders to provide funds to anyone with a significant exposure to risky home mortgage debt. ...
2007-09-16 05:38:00 -
On two coasts, renters squeezed by lack of affordable housing
International Herald Tribune - EDITOR'S NOTE — While national attention focuses on the home mortgage crisis, many renters are suffering in obscurity from a shortage of affordable apartments. The Associated Press looks at how daily struggles unfold in two of the highest-rent ...
2007-09-16 05:38:00 -
'Stick to fixed mortgage rates in short term'
Daily Telegraph - ... to fix their mortgages in record numbers, with 79 per cent of all new mortgages in July being fixed, according to figures released by the Council of Mortgage Lenders this week. This compares to just 18 per cent five years ago. With 800,000 home owners ...
2007-09-16 08:08:00 -
On the Path to Attorney General, Olson Runs Into a Roadblock
Washington Post - When Bush wanted to announce new initiatives to address the home mortgage crisis, aides wanted to call his program "HomeSaver." The only trick? A chimney and fireplace product company in Iowa already has the name trademarked. So the White House went ...
2007-09-16 08:51:00 -
Rescue loans lag behind subprime foreclosures
Financial Times - The developments signal a softening in the Bush administration's opposition to Democrat proposals to ease liquidity in the crisis-ridden US home mortgage market. Mr Lockhart also said there was a possibility the Ofheo's official index of national ...
2007-09-16 07:39:00 -
Mixed messages on home loan rates (NZCity)
17 September 2007 There are signs mortgage rates will soon be on the way down, with Kiwibank dropping its three-year fixed rate to 8.6 per cent. Other banks are expected to follow suit to maintain their share of the home loans market.
2007-09-16 04:11:33 -
Carolina Bank launches wholesale mortgage unit (BizJournals)
Carolina Bank is diving into a pool many observers might consider ice-cold right now, as it launches a wholesale mortgage division that will buy and sell residential home loans that have been originated by other banks, credit unions and brokers.
2007-09-16 09:26:37 -
Mortgage woes pinch Fifth Third (BizJournals)
As problems wash over the home mortgage industry, local banks are getting mixed results in their battles to keep their loan portfolios clean.
2007-09-16 09:23:56 -
Australian dollar holds over US84c
News.com.au - ... point cut to the US Federal Funds rate, but late last week analysts were bracing for a 50 basis point fall in US interest rates. ... THE Government would pay 14 weeks maternity leave under a Democrats proposal, which would help solve the current skills ...
2007-09-16 03:50:00 -
Federal Reserve faces tough call on interest rates; recession fears ...
China Post - WASHINGTON -- Federal Reserve policymakers face tough choices as they debate interest rates amid rising recession risks, but ... The UCLA Anderson School of Business, in its most recent report, said current conditions represent "a near recession ...
2007-09-16 06:42:00 -
Brisbane worst city for rents
News.com.au - BRISBANE has become he most expensive Australian capital city for renters just as interest rates were preventing families from ... THE Government would pay 14 weeks maternity leave under a Democrats proposal, which would help solve the current skills ...
2007-09-16 03:36:00 -
Tories' economic legacy has been squandered
Daily Telegraph - ... may be that Northern Rock proves to be a "one off" and it may be that the current ... The US economy is weakening and growth in Britain, driven by unsustainable rates ... With the exception of granting the Bank of England independence on interest-rate ...
2007-09-16 06:20:00 -
What are the other focus areas? Are you exploring any innovative ...
Economic Times - But don’t you think that the current increase in the interest rates will only dissuade people from credit cards? We have not increased the rates sporadically. The rates levied de-pend on the spending pattern and payment behaviour of the card ...
2007-09-16 08:29:00 -
Rumsfeld Foundation to Encourage Public Service
Washington Post - Petraeus and decried the current state of political discourse in Washington for its ... tone of public discussion and the possibility that it would undermine interest in ... Rumsfeld noted that the repayment rates have been high, and he said such loans ...
2007-09-16 08:29:00